| Page | |
|---|---|
| Trustees' report | I -4 |
| Independentexaminer'sreport | 5 |
| Statementoffinancial activities | 6 |
| Balance sheet | 7 |
| Notestothe financial statements | 8-13 |
| statements were: | |
|---|---|
| Lord Sebastian Newbold Coe KBE | |
| Harry Sebastian Newbold Coe | (Appointed 9 July 2021) |
| Colin John Passmore | (Appointed 5 September 2021) |
| Stephen Kelleher | (Appointed 29 October 202I) |
| Susie Black | (Resigned 29 October 2021) |
| Therese Lynn Miller | (Resigned 29 October 2021) |
| C Coe | (Resigned4 September 2021) |
SEBASTIAN COE CHARITABLE FOUNDATION CIO
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SEBASTIAN COE CHARITABLE FOUNDATION CIO
I report to the trustees on my examination of the financial statements of Sebastian Coe Charitable Foundation CIO (the Charity) for the year ended 30 June 2022.
Responsibilities and basis of report
As the trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011[(] the 201 I Act).
I report in respect of my examination of the Charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b[) ] of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on I April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after I January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
I accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
2 the financial statements do not accord with those records[; ] or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities[(] Accounts and Reports[) ] Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RHIO IHT
Dated: ........................ . 26 April 2023
page 5
| Unrestricted | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2021 | 2021 | 2021 | ||
| Notes | £ | £ | £ | £ | |
| Income from: | |||||
| Donations | 3 | 118,372 | |||
| Raisingfunds | 4 | 27,949 | |||
| Total income | 146,321 | ||||
| Expenditure on: | |||||
| Raisingfunds | 5 | 38,5IO | 427 | 427 | |
| Charitable activities | 6 | 169,596 | 21,987 | 29,800 | 51,787 |
| Total expenditure | 208,106 | 22,414 | 29,800 | 52,214 | |
| Grosstransfersbetweenfunds | (29,800) | 29,800 | |||
| Net expenditure for the year/ | |||||
| Net movement in funds | (61,785) | (52,214) | (52,214) | ||
| Fundbalancesat I July2021 | 89,291 | 141,505 | 141,505 | ||
| Fund balances at 30 June 2022 | 27,506 | 89,291 | 89,291 |
SEBASTIAN COE CHARITABLE FOUNDATION CIO
T BALANCE SHE AS AT 30 JUNE 2022
----- Start of picture text -----
2022 2021
Notes £ £ £ £
Current assets
Debtors 11 949
Cash at bank and in hand 33,346 138,092
33,346 139,041
Creditors: amounts falling due within one
year 12 (5,840) (49,750)
Net current assets 27,506 89,291
-- ---
Income funds
Unrestricted funds 27,506 89,291
27,506 89,291
-- --
The financial statements were approved by the Trustees on ........................ . 26 April 2023
Colin John Passmore
Trustee
----- End of picture text -----
page 7
| Unrestricted | Total | |
|---|---|---|
| funds | ||
2022 |
2021 |
|
| £ | £ | |
| Donationsandgifts | 118,372 |
| Unrestricted | Total | |
|---|---|---|
| funds | ||
2022 |
2021 |
|
| £ | £ | |
| Fundraisingevents | 27,949 |
| 5 | Raising funds | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
2022 |
2021 |
||
| £ | £ | ||
| Fundraisingand publicity | |||
| Governance costs | (60) | ||
| Stagingfundraisingevents | 37,561 | ||
| Supportcosts | 949 | 487 | |
| Fundraisingandpublicity | 38,510 | 427 | |
| 38,510 | 427 | ||
| 6 | Charitable activities | ||
| **Grant giving ** | Grant giving | ||
2022 |
2021 |
||
| £ | £ | ||
| Grantfundingofactivities(see note 7) | 138,750 | 29,800 | |
| Share ofsupportcosts(see note 8) | 28,506 | 21,987 | |
| Share ofgovernance costs (seenote 8) | 2,340 | ||
| 169,596 | 51,787 | ||
| Analysis by fund | |||
| Unrestrictedfunds | 169,596 | 21,987 | |
| Restrictedfunds | 29,800 | ||
| 7 | Grants payable | ||
| **Grant giving ** | Grant giving | ||
2022 |
2021 |
||
| £ | £ | ||
| Grantstoinstitutions: | |||
| Other | 138,750 | 29,800 |
| 8 | Support costs | ||||||
|---|---|---|---|---|---|---|---|
| Support costs | Governance | **2022 ** | Support costs | Governance | 2021 | ||
| costs | costs | ||||||
| £ | £ | £ | £ | £ | £ | ||
| Bankcharges | 230 | 230 | |||||
| Insurance | 949 | 949 | 987 | 987 | |||
| Consultancy | 28,250 | 28,250 | 21,000 | 21,000 | |||
| Marketing | 257 | 257 | |||||
| Subscriptions | 256 | 256 | |||||
| Accountancy | 2,340 | 2,340 | (60) | (60) | |||
| 29,455 | 2,340 | 31,795 | 22,474 | (60) | 22,414 | ||
| -- | |||||||
| Analysed between | |||||||
| Fundraising | 949 | 949 | 487 | (60) | 427 | ||
| Charitable activities | 28,506 | 2,340 | 30,846 | 21,987 | 21,987 | ||
| 29,455 | 2,340 | 31,795 | 22,474 | (60) | 22,414 | ||
| -- |
| 11 | Debtors | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Amounts falling due within one year: | £ | £ | ||
| Prepayments andaccruedincome | 949 | |||
| 12 | Creditors: amounts falling due within one year | |||
| 2022 | 2021 | |||
| Notes | £ | £ | ||
| Deferredincome | 13 | 11,250 | ||
| Trade creditors | 35,000 | |||
| Accrualsanddeferredincome | 5,840 | 3,500 | ||
| 5,840 | 49,750 |
2022 |
2021 |
|
|---|---|---|
| £ | £ | |
| Other deferred income | 11,250 | |
| Deferred income is included in the financial statements as follows: | ||
2022 |
2021 |
|
| £ | £ | |
| Deferred income is includedwithin: | ||
| Current liabilities | 11,250 | |
| Movements in the year: | ||
| Deferred income at I July2021 | 11,250 | |
| Released from previous periods | (11,250) | |
| Resources deferred in the year | 11,250 | |
| Deferred income at 30 June 2022 | 11,250 |